This course is a study of the basic principles of accounting, including the accounting cycle, journalizing, posting, preparation of a trial balance, worksheet, adjusting entries and closing entries. Special journals and subsidiary ledgers are discussed. Emphasis is given to cash accounts, accounts and notes receivable, inventories, plants and assets and payroll.
Prerequisite: MTH 136 or MTH 138
This course has two objectives:
- To acquaint the student with current accounting issues and problems using the latest field research;
- To bring together concept and methodologies covered in previous courses, in accounting and other disciplines, so that the student may view accounting as a whole and in perspective.
Selected readings from recent publications, questions and problems from the CPA examination, and other materials will be assigned.
Pre-requisite: ACCT 479